The Prosperity Podcast

There are many common questions regarding Self-Directed IRA: what are they, how do they operate, and how they could affect you and your finances. Stay tuned to get the answers you seek. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes What is a Self Directed IRA? - 1:03 The risks of using Self Directed IRA - 1:46 Choosing your investments - 2:43 The trustee of the IRA - 4:00 Tax benefits of the IRA - 4:33 Beneficial Real Estate Law - 7:09 IRA in Real Estate? - 8:00 How to get a Self Directed IRA - 9:23 Self Directed custodians - 10:54 Fees for Self Directed IRA - 11:44 Restrictions on fee payment - 12:45 Taking The money out - 14:02 IRA as the worst asset to die with - 14:40 What we need to understand about IRA - 16:00 Kim's recommendation - 18:08 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

In the life insurance industry, one of the great commandments is “thou shalt not cancel your policy!” Kim and Spencer also discuss why you should use the flexibility of the policy to sustain it and to help it sustain you. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode Article about how to save a life insurance policy https://partners4prosperity.com/save-a-life-insurance-policy-when-you-cant-afford-the-premiums/ For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast   Show Notes Understanding more about the whole life policy - 0:59 An asset that you’ll never get back - 1:57 The best place to store liquidity - 2:11 Life insurance death benefit - 3:00 Reasons not to cancel your whole life policy - 3:53 Regret after canceling whole life insurance - 4:49 Discussing a whole life insurance case study - 5:33 Borrowing against cash value - 6:41 Helping people understand the importance of whole life insurance policies - 8:10 "I wish I’d bought a policy earlier" - 9:05 Do not cancel your whole life insurance policy - 9:29 Automation and your bank account - 10:44 Financial education for your family - 11:28 What to do if you’ve canceled a whole life insurance policy? - 12:05   Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

This episode is all about mineral rights, how they cash flow and what to expect when using this investment. Kim and Spencer cover being an accredited investor, tax implications and cash flow. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast   Show Notes Wealth derived from mineral rights - 0:52 Mineral rights and bridge loans - 1:14 Creating income from assets - 1:48 What is a bridge loan? - 2:00 What are mineral rights? - 2:38 Oil and Gas productivity - 3:29 Definition of an accredited investor - 3:55 Oil and Gas companies - 5:51 Creating cash flow on a monthly basis - 6:16 Moral issues with the oil and gas industry - 7:33 The price of Oil - 8:18 Tax implications with oil and gas industry - 9:17 Paying taxes is not a bad thing - 10:02 The bridge loan space as an income provider - 11:11 An asset to create additional cash flow - 11:54 Money needs to flow  - 12:25   Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!   Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Today, Kim and Spencer talk about the latest version of the “Live Your Life Insurance” book, now in Spanish! They dig into what their expectations are on how it will impact the Latin community, and also some of the differences between how Latins see saving compared to the average American. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Vive Tu Seguro de Vida: Estrategias Sorprendentes para Construir la Prosperidad de Toda la Vida con Su Póliza de Vida Total (Spanish Edition)   Show Notes The translator had a strong connection with the book so it was done with love - 1:50 It will allow the message to reach more people - 2:20 Trying to find the right person to do the audiobook version - 2:50 How people around the world use whole life insurance - 4:50 How people’s view of the economic system shifted in the 1950s How this book will impact the Latin community into using whole life insurance - 6:00 The way Latin Americans save money against how Americans do it - 8:00 An invitation for Spanish speakers to get the book - 10:30 Once again, Kim talks about the first principle of prosperity: THINK! - 10:50 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

It’s absolutely crazy that people are celebrating a tax refund. After this episode, you're going to realize why we don't want to put on the celebration hat for getting a tax refund and how you can minimize your tax burdens. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast   Show Notes Tax refunds and tax returns - 0:45 Not getting a refund - 1:54 Working out your relationship with your money - 2:42 Having control over your cash flow and assets - 2:58 Getting refunds - 3:30 Plan the amount of taxes that you will need to pay - 3:55 The Life Insurance Policy is liquid - 4:22 Handling the extra money - 4:56 A different way to pay taxes - 5:17 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!   Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Borrowing to invest - 0:55 How to use your emergency fund - 1:22 Being conscious of what we are borrowing for - 1:58 Eliminating your emergency fund - 2:33 Being patient to get better results - 4:50 Getting assets to continue growing - 7:30 Finding cash flow deals - 7:50 The emergency number is zero - 8:34 An emergency and opportunity fund - 9:40 What the emergency fund is for - 10:03 Adding opportunities to our way of thinking - 10:44 Prosperity thinking and prosperous mindset - 11:06 Get in touch with Kim and Spencer - 12:48 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Technology is evolving at an exponential rate, nowadays the subject of adapting to this changing landscape proves to be more relevant than ever, that why on today’s episode, Kim and Spencer talk about how we can automate things in our lives to make it more fulfilling, easier, and prosperous. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.expensifythis.com/ https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Show Notes Innovative thinkers in the world - 0:38 Technologically oriented - 1:26 Reverse mentorship - 1:44 Using Expensify - 2:09 An idea-capturing machine- 4:23 Automatic reminders on your phone - 5:36 The coolest things about podcasts - 5:50 The whole life insurance - 6:55 Automate saving money as a habit - 7:53 If you want good results - 9:23 Dividends first in Life Insurance - 10:39 Mutual Life Insurance Companies - 11:13 Get in touch with Kim Butler - 13:26 Kim’s book: Live Your Life Insurance - 14:36   Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

The challenges of old age will be the topic of this new episode of the Prosperity Podcast as Kim and Spencer talk about what happens when you or your family members start to get older and attempt to answer the question: is it possible to reverse the aging process? Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.seniorliving.org/basics/corporateseniorcare/seniors-helping-seniors/ https://www.padsplit.com/ https://www.udacity.com/   Show Notes Ideas of a futurist - 0:49 Senior living and elderly care - 1:17 Surpassing previous life expectancy - 1:30 Headsets that help the elderly come alive - 1:53 Tools that can help the elderly - 3:28 Transforming elderly life - 4:05 Seniors Helping Seniors - 5:05 The Padsplit App - 5:40 Decreasing the cost of living for seniors - 6:47 Families need savings - 7:05 Keep working - 7:14 Using Udacity for seniors - 7:54 Find the work that you love doing - 8:34 Human beings were made to work - 9:00 Getting paid for what you love - 10:00 A long term guaranteed product - 11:30 Control, Liquidity, Use, and Equity - 12:38 What's the opposite of whole life insurance? - 14:10 Let's live a life that's alive - 14:50 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

On this new episode Kim and Spencer address a community question, is it worth to take a pay cut in order to be happier? while also analyzing all the implications surrounding this decision. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.es/Busting-Interest-Rate-Lies-Discover/dp/0991305418 Show Notes A bad question - 0:39 Understanding the concept of pay cut - 0:42 What a pay cut feels like - 1:13 Stop watching TV - 1:26 Changing your job - 3:09 Increasing your income - 3:50 Providing more value in the market place - 3:57 The importance of mindset - 6:34 Useful books to work on your mindset - 6:41 The way that we learn - 8:49 Learning through virtual reality - 9:54 What makes podcasts amazing - 11:38 Teaching financial advisors about personal finances - 13:00 Time, rate, present value, future value and payment - 13:32 Encouraging people to learn more about personal finances -15:38 The challenge of personal finances- 17:00 Kim recommends the ebook: Busting the interest rate lies - 17:20 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!   Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

How to get to the next level? finding the right mentor to guide you could be the key, that’s why on today’s episode we listen to Kim share some wonderful wisdom about choosing the right people to provide you with the tutelage you need to achieve your goals and how doing so can be the difference between success and failure. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast   Show Notes The importance of getting help - 0:37 Coaching for almost 25 years - 0:53 Helping people with their finances - 1:24 A coach and mentor - 1:58 The mindset impacts everything - 2:27 When to ask for help? - 3:00 First coaching experience - 5:30 Can’t afford a coach? - 8:55 Finding a mentor - 11:32 The importance of learning - 12:57 Get in touch with Kim - 14:37 Learning about finances - 15:16   Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!   Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS